Market in correction mode; Q1 earnings unlikely to have a major impact: Experts
By Prashant R Nair, Devina Menon | Published On: July 09, 2012 15:00 (IST) | Duration: 8 min, 50 sec
Shrikant Chouhan, technical analyst, Kotak Securities and Phani Sekhar, Fund Manager-PMS, Angel Broking, discuss how the market is going to perform ahead. Sekhar said that the first quarter earnings will be a non-starter for the market. Chouhan said that the market is still bullish but it may correct in the future. "In the near term, the Nifty will see support at the 5230 level," he added.